Steven Nerayoff, a past advisor to Ethereum, has made significant accusations against Gary Gensler, the head of the US Securities and Exchange Commission (SEC), claiming that he has undisclosed connections to ETH during the lead-up to a possible Ethereum Exchange-Traded Fund (ETF). Nerayoff’s recent comments on X have raised worries about the implications of Gensler’s actions on Ethereum and its regulatory situation, potentially hinting at a more involved relationship than previously disclosed. This has led to speculation about a possible connection between Ethereum, Gensler, and the CCP. Nerayoff claimed that there is increasing speculation about an Ethereum ETF, suggesting that the SEC, under the leadership of Gary Gensler, is more engaged with ETH than it may seem. He accused Gensler of indirectly endorsing an ETF by allowing Prometheum Inc to classify ETH as a security. This statement suggests that the Chinese Communist Party may be influencing decisions related to Ethereum’s regulations in a complicated way. The author suggests that Gensler’s decisions may be heavily influenced by the CCP, raising concerns about the potential effects of different courses of action. Gensler, Lubin, and Vitalik are facing consequences greater than just investor interests, as their choices have set them on an unchangeable path. Further Reading: Ethereum’s Next Phase: the Constantinople Upgrade set to go live on March 13th. Nerayoff also expressed concerns about possible personal consequences for Gensler and the Ethereum founders, hinting that they may fear more than just legal repercussions, including the possibility of jail time. In response to speculation about the Chinese Communist Party’s investment in Ethereum, Nerayoff agreed, indicating that there are indeed significant risks involved.